Europe October BPA contracts rolls over

12 October 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European October freely negotiated bisphenol A (BPA) contracts have rolled over from the previous month because of weak demand and slightly lower feedstock costs, sources said on Friday.

During the last week of September, it seemed prices would increase as a result of higher demand and a five-week maintenance shutdown at US-based Momentive’s 160,000 tonne/year BPA plant in Pernis, the Netherlands, which began in the first weekend of October.

However, the shutdown has not had an impact on supply and feedstock costs have fallen, while demand is currently poor, sources said.

The October freely negotiated BPA contract is €1,550-1,590/tonne ($2,013-2,065/tonne) free delivered (FD) northwest Europe (NWE).

($1 = €0.77)

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By: Janos Gal
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